Chesley Taft & Associates LLC Sells 608 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Chesley Taft & Associates LLC lessened its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,302 shares of the Wireless communications provider’s stock after selling 608 shares during the quarter. Chesley Taft & Associates LLC’s holdings in T-Mobile US were worth $7,015,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TMUS. Gladstone Institutional Advisory LLC bought a new stake in T-Mobile US in the fourth quarter worth $1,552,000. Van ECK Associates Corp grew its stake in shares of T-Mobile US by 3.1% in the 4th quarter. Van ECK Associates Corp now owns 20,855 shares of the Wireless communications provider’s stock worth $4,603,000 after buying an additional 625 shares in the last quarter. CFC Planning Co LLC bought a new stake in shares of T-Mobile US in the 4th quarter worth about $476,000. Avantax Advisory Services Inc. raised its position in shares of T-Mobile US by 5.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 37,478 shares of the Wireless communications provider’s stock valued at $8,272,000 after buying an additional 1,859 shares in the last quarter. Finally, Burling Wealth Partners LLC bought a new position in shares of T-Mobile US in the 4th quarter valued at about $2,539,000. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of TMUS stock opened at $241.96 on Thursday. The stock has a market capitalization of $274.73 billion, a price-to-earnings ratio of 25.02, a P/E/G ratio of 1.55 and a beta of 0.69. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a twelve month low of $171.18 and a twelve month high of $276.49. The stock has a fifty day simple moving average of $249.38 and a two-hundred day simple moving average of $243.93.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.10. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.00 earnings per share. On average, analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TMUS has been the topic of several analyst reports. Tigress Financial boosted their price objective on T-Mobile US from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. HSBC downgraded T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a research report on Wednesday, March 5th. UBS Group downgraded T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 21st. Citigroup cut shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price objective on the stock. in a research report on Friday, March 14th. Finally, Hsbc Global Res downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus price target of $257.68.

T-Mobile US Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.